Coinspeaker
Lumia Launches Layer 2 Network for Real-World Assets
Lumia has announced the launch of its layer 2 network made for Real-World Assets (RWAs). This new solution aims to increase the liquidity in these assets, and make them easier for people to access. It also opens up new ways for people to use tokenized assets.
The newly launched solution is designed to use capital more efficiently, making it one of the first of its kind built specifically for RWA. The network will support the creation of tokenized assets representing various real-world assets like real estate, stocks, art, and financial indexes.
Leveraging Polygon’s AggLayer for Faster Transactions and Enhanced User Experience
Lumia is leveraging the Polygon AggLayer to enable speedy transactions across different blockchain networks using ZK proof, which provides an enhanced user experience with faster loading times.
The solution was created to solve liquidity challenges through its Lumia Stream, combining the most liquid centralized and decentralized exchanges into one decentralized place. Therefore, it allows users and protocols to access large pools of liquidity easily.
Additionally, Lumia Stream is opening up a new channel for liquidity providers to achieve better capital efficiency. The team behind the project cited an instance of how the Lumia Stream module handled $8 million in trading volume using less than $30,000 in deployed capital across 28 different assets on the 1-inch RFQ platform.
The Lumia team revealed that the launch of the Lumia’s mainnet will result in the existing $ORN token, which is already listed on major exchanges like Binance, KuCoin, and OKX, being renamed and swapped to become the $LUMIA token. The LUMIA token will have different uses within the Lumia network, such as paying transaction fees and rewarding node operators.
Lumia is launching its layer 2 network with partners and service providers who have already signed up. The launch will also witness a grant program to help developers build on the network.
Lumia is positioning itself as a leader in connecting physical assets to digital finance. This will make it easy for assets to be tokenized and traded on the blockchain, leading to the next big change in finance.
Launching the $ORN HyperNodes and Building a Decentralized Ecosystem
In addition to launching the Lumia layer 2 network, the blockchain firm will launch its $ORN HyperNodes sale on July 18. These HyperNodes play an important role in Lumia’s liquidity ecosystem.
Lumia $ORN HyperNodes Sale Begins
Node sale starts Thursday, July 18th.
3 days. Be there. pic.twitter.com/RtXm6Ygv8f
— Lumia (@BuildOnLumia) July 15, 2024
The HyperNodes also provide licenses that can be used to delegate to DAC (Decentralized Autonomous Company) and DNLP (Decentralized Node Liquidity Provider) node operators. This system creates a balanced ecosystem where both the nodes and the people who use the nodes work together and contribute a lot to making the Lumia network healthy and grow while also getting rewarded for their contributions.
The HyperNodes are vital to Lumia’s efforts to make its Layer 2 network as decentralized as possible. This decentralization makes the network more secure, open, and able to withstand attacks or problems. Users can interact with the HyperNodes ecosystem in different ways, like unlocking rewards, delegating to DAC or Liquidity Nodes, joining Node Owned Liquidity, or running DNLP or DAC Nodes to get more involved and earn more rewards.
